カテゴリー: Compliance

Japanese Exchange Bitpoint Launches Trading Platform in Panama

On Wednesday Dec. 12, Japanese cryptocurrency exchange Bitpoint announced the launch of a crypto-to-fiat trading platform in Panama. The regulatory-compliant exchange will offer USD pairs with top cryptocurrencies like bitcoin cash, ethereum, bitcoin core, litecoin, and ripple. Also read: BCH Devs Discuss Securing Instant Transactions With the Avalanche Protocol Bitpoint Japan Expands to Latin America Bitpoint […]

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Wendy McElroy: Don’t Smash the State, Bypass the State

Don’t Smash the State, Bypass the StateThe Satoshi Revolution: A Revolution of Rising Expectations Section 5: Saving the World Through Anarchism Chapter 11, Part 7 Crypto Justice: Don’t Smash the State, Bypass the State. The 19th century individualist-anarchist Benjamin Tucker referred to anarchism as “society by contract.” The contracts could express any exchange, from leases to prostitution, from insurance policies to drug […]

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Amid Crackdown, SEC Chairman Emphasizes Compliance Requirements for ICOs

Amid Crackdown, SEC Chairman Emphasizes Compliance Requirements for ICOsJay Clayton, the chairman of the U.S. Securities and Exchange Commission (SEC), recently discussed the current regulatory climate surrounding initial coin offerings (ICOs). Clayton emphasized that all ICOs must register with the SEC to ensure compliance with U.S. law. Also Read: Estonia to Tighten Rules for Licensed Crypto Companies Requirements for Regulatory Compliance The SEC chairman […]

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The Daily: Binance Adds KYC, Bitcoin Businesses Block Gab

The Daily: Binance Adds KYC, Bitcoin Businesses Block GabThursday tends to be the busiest day of the week in the cryptosphere for some reason, and today, Nov. 22, is the perfect case in point. In this edition of The Daily we cover Binance’s long-anticipated move to KYC for customers and censorship-prone Gab’s struggle to obtain censorship-resistant money. Also read: Trial Begins: Bitcoin Exchange […]

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Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense

Canadian Court to Seize Quadrigacx Funds, NYDIG Secures 14th BitlicenseIn recent regulatory news, a Canadian court plans to take custody of $19.5 million of funds that Quadrigacx deposited with the Canadian Imperial Bank of Commerce before they were frozen due to competing ownership claims. Also, New York state regulators have granted the 14th Bitlicense to New York Digital Investment Group, and it has been […]

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Tether Announces Appointment of New Chief Compliance Officer

Tether Announces Appointment of New Chief Compliance OfficerTether has announced the appointed of Leonardo Real, a former anti-money laundering (AML) quality control manager at Bank of Montreal, as the company’s new chief compliance officer (CSO). The announcement comes just one week after Phil Potter, one of Tether’s directors, announced that he will be leaving sister company, Bitfinex. Also Read: Japanese Police Seize Cryptocurrency […]

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North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements

North Carolina Banking Bill Passes — Adds Virtual Currency License RequirementsThe state of North Carolina has pushed the passage of House Bill 86 and some digital currency advocates and firms like Coinbase believe the bill makes the state more friendly towards cryptocurrency businesses. At the moment North Carolina’s House Bill 86 has been presented to Governor Roy Cooper and awaits his signature. Also read: Major Korean […]

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As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing

As Korean Crypto Exchanges Step Up AML Compliance, Banks Are FailingAs the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. South Korea has also been discussing ways to boost crypto-related AML measures with the U.S. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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Bitfinex Starts Sharing Customer Tax Data with Authorities

Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The platform, which is registered in the British Virgin Islands, a known tax haven, will retain this information and may share it with tax authorities in their customers’ jurisdiction. The news has caused quite a stir. […]

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